VA Cash out refinance appraisal MPR

[Jamie Lafollette]

Working on a cash out VA refinance and looking for some feed back on what I should be concerned about regarding the appraisal. We are refinancing to take out cash for some much needed home repairs. There are a few things Im concerned wont stand up to the VA MPRs and Im wondering if they are any more lenient with a property thats already being lived in vs a new purchase. Some of the issues im concerned with are wood single pane windows with old termite damage ( house was tented 4 years ago no active issues)

water damage on eves of roof from rotten gutters. ( should I repaint this before they come out? ) 

Peeling paint of window frames ( home was built in 1950s) 

Moss on bottom of siding on side of house 

the home appraised for 875,000 through a standard appraisal a few years ago so im not worried about the overall value. I just want to make sure it will pass the VA appraisal.

Any advice would be greatly appreciated. 

[Jared Rine]

@Jamie Lafollette...from my experience as a lender, they are not more lenient when it comes to purchase vs. refi. Termite needs to pass.  I would repaint but if it's noticeable to appraiser eye, it will likely be called out.  Repaint peeling paint.  I'd water blast the moss and paint, depending.  Anything that takes away from aesthetic and could potentially be hazardous will be called.  Any debris, clean it up.  Make things look tidy/cleaned up too.